Exchanges· ★★· bearish·

Datavault AI finds 19,391 BTC discrepancy, will restate financials

  • —Discrepancy: 817.609 BTC calculated versus 837 BTC in the Q2 report
  • —Restatements cover fiscal 2025 and Q1–Q2 2026 statements
  • —Estimated asset cuts: $8.1 million at Sept 2025, up to $92.2 million at end-2025
  • —491.431 BTC were sold to Scilex for about $40.5 million; withdrawal of the remainder is unresolved
Why it matters: The case highlights the accounting risks of booking Bitcoin from off-exchange share deals and could weigh on trust in crypto-treasury companies.
#BTC
Source: TokenPost
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